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WTO Dispute Settlement

Dispute settlement: a cornerstone of the WTO

The dispute settlement mechanism, which came into being with the World Trade Organisation (WTO) in 1995, is one of the cornerstones of the Organisation.

It gives all 149 Members of the WTO confidence that the agreements negotiated and agreed will be respected. It does not impose new obligations, but it does enforce those already agreed.

The rationale behind the Dispute Settlement Understanding (DSU) of the WTO is to provide Members with a clear legal framework for solving disputes which may arise in the course of implementing WTO agreements. Clearly, agreed solutions between Members are the most desirable way of solving disputes. However, if this is not possible, Members can ask for panels and (possibly) appeal procedures where the WTO, by interpreting the rules, solves the dispute. If a Member does not comply with WTO recommendations on bringing its practice in line with WTO rules, then trade compensation or sanctions, for example in the form of duty increases or suspension of WTO obligations may follow.

Yes, Ron. Trade undisputably rules. As you can see the WTO can remediate disputes from OIE and WTO disputes.

<blockquote data-quote="Mike" data-source="post: 82449" data-attributes="member: 15">WTO Dispute SettlementDispute settlement: a cornerstone of the WTO&nbsp; &nbsp; &nbsp;The dispute settlement mechanism, which came into being with the World Trade Organisation (WTO) in 1995, is one of the cornerstones of the Organisation.It gives all 149 Members of the WTO confidence that the agreements negotiated and agreed will be respected. It does not impose new obligations, but it does enforce those already agreed.The rationale behind the Dispute Settlement Understanding (DSU) of the WTO is to provide Members with a clear legal framework for solving disputes which may arise in the course of implementing WTO agreements. Clearly, agreed solutions between Members are the most desirable way of solving disputes. However, if this is not possible, Members can ask for panels and (possibly) appeal procedures where the WTO, by interpreting the rules, solves the dispute. If a Member does not comply with WTO recommendations on bringing its practice in line with WTO rules, then trade compensation or sanctions, for example in the form of duty increases or suspension of WTO obligations may follow.Yes, Ron. Trade undisputably rules. As you can see the WTO can remediate disputes from OIE and WTO disputes.</blockquote>

[QUOTE="Mike, post: 82449, member: 15"] WTO Dispute Settlement Dispute settlement: a cornerstone of the WTO The dispute settlement mechanism, which came into being with the World Trade Organisation (WTO) in 1995, is one of the cornerstones of the Organisation. It gives all 149 Members of the WTO confidence that the agreements negotiated and agreed will be respected. It does not impose new obligations, but it does enforce those already agreed. The rationale behind the Dispute Settlement Understanding (DSU) of the WTO is to provide Members with a clear legal framework for solving disputes which may arise in the course of implementing WTO agreements. Clearly, agreed solutions between Members are the most desirable way of solving disputes. However, if this is not possible, Members can ask for panels and (possibly) appeal procedures where the WTO, by interpreting the rules, solves the dispute. If a Member does not comply with WTO recommendations on bringing its practice in line with WTO rules, then trade compensation or sanctions, for example in the form of duty increases or suspension of WTO obligations may follow. Yes, Ron. Trade undisputably rules. As you can see the WTO can remediate disputes from OIE and WTO disputes. [/QUOTE]

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